Miskeen110

USOIL Day Trade Short 70.55 Top 69

Short
Miskeen110 Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
USOIL
USOIL SELL 70.55 TOP 69

The economy is slowing down and oil need is also reducing. The resistance is at 70.6 and Very strong resistance at 71. So it can go down and long term perspective oil will go down until and unless OPEC makes the production cuts in the oil.
Trade active
Comment:
Change stop loss to 71.9 and add another sell position
Trade closed: target reached:
Close all, 70.4
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.